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FRANK26: "DON'T MAKE IT 60%"........F26
Trump: We will impose 30% tariffs on Iraq, Algeria, and Libya
7/9/2025
- Washington
US President Donald Trump announced on Wednesday that he would impose 30% tariffs on Iraq, Algeria, and Libya.
According to Reuters, Trump issued a series of letters regarding the imposition of tariffs on six countries, including Algeria, Brunei, Iraq, Libya, Moldova, and the Philippines.
The letters call for imposing tariffs of 30% on Algeria, 25% on Brunei, 30% on Iraq, 30% on Libya, 25% on Moldova, and 25% on the Philippines.
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"DON'T MAKE IT 9O%".........F26
Documented: Trump in a letter to al-Sudani: Iraq faces two choices
7/9/2025
The letter indicated that this step comes to address a persistent "large trade deficit" between the two countries, which President Trump attributed to tariff and non-tariff policies and trade barriers imposed by Iraq. The letter emphasized that the trade relationship between the two countries has been "far from reciprocal" for years.
The letter emphasized that the goal is to achieve "more balanced and fair" trade and called on Iraq to participate in the "exceptional economy of the United States." It explained that the 30% tariff imposed is "far less than what is required to eliminate the trade deficit imbalance."
The letter stated that no tariffs would be imposed if Iraqi companies decided to build or manufacture their products in the United States, with the US pledging to expedite the necessary approvals. The letter also warned that any increase in Iraqi tariffs would be added to the 30% tariff imposed by the US.
The letter emphasized that these tariffs are necessary to "correct years of Iraqi tariff and non-tariff policies and trade barriers," considering the trade deficit to be "a major threat to our economy and, indeed, to our national security."
The letter hinted at the possibility of adjusting these tariffs, upwards or downwards, based on the relationship between the two countries, and if Iraq decides to "open its previously closed trade markets to the United States, and eliminate its tariffs and non-tariff policies and trade barriers."
English (US) ·